US stocks set for some selling at the open but Nvidia perks up

S&P 500 futures are down 17 points shortly before today’s open.

One stock in focus is Nvidia, which is up 1.8% pre-market. Late yesterday, CEO Jensen Huang said on CNBC that demand for its next-generation Blackwell chips is “insane”.

“Everybody wants to be first and everybody wants to have the most,” he said.

The company also announced its own open-source LLM.

Dragging stocks down are rising Treasury yields as the market shifts away from a 50 bps cut in November. Of course, those odds will swing further on today’s ISM services report and tomorrow’s non-farm payrolls.

This article was written by Adam Button at www.forexlive.com.